This week, there’s a certain irony to our newsletter being called “At the Races.”
And no, it’s not because Pete Rose, Major League Baseball’s all-time hits leader who was banned from baseball for betting on the Cincinnati Reds, died Monday at age 83.
Betting on the outcome of the congressional elections next month by individuals within the United States using Kalshi, a U.S.-based prediction market, can resume after the U.S. Court of Appeals for the D.C. Circuit lifted an administrative stay Tuesday. As our own Pete Cohn reports, the CFTC “has not demonstrated that it or the public will be irreparably harmed” if election betting resumes while the agency’s appeal is heard, Judge Patricia A. Millett wrote in the decision.
